The off-market was reportedly "too good to refuse" for the three levels of strata retail at 140 Bourke Street -- the former Hoyts Cinema Centre building.

CBRE Victorian Retail Investment’s Justin Dowers, Mark Wizel and Kevin Tong were appointed to sell Dandenong Home Quarter, while Stonebridge’s Philip Gartland and William Blanch were appointed to sell Nowra House & Home.

“The fact that both centres maintain full occupancy highlights the interest from high-profile retailers for this style of asset, in these locations, and this will also serve to underpin wide-ranging interest in the sale campaigns.”

Fuelled by government investment and infrastructure, Dandenong has always been a commercial and regional hub for the south east of Melbourne.

Nowra House & Home is situated at the heart of NSW’s South Coast Region in an area which has experienced an average annual population growth rate of 2.36 per cent from 2011-16.

The Nowra site comprises a single level large format retail centre, secured by eight high quality national and government tenants including Spotlight, Pillow Talk and BCF. It has a highly secure WALE of 4.7 years, by area.

The centre is situated on a 1.87 hectare site, providing 150 car spaces and over 230m of frontage.

The centres are being sold via separate Expressions of Interest campaigns, which both close on 18 October, 2017.

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